Shipping - Page 63

Despite continuous fall in freight rates, stock prices of major liners are consolidating at historically low valuations

Iskenderun is one of two major shipping container ports in Turkiye & hosts heavy industries such as steel

Maersk lowers guidance; expects underlying EBITDA of $8-11 billion and underlying EBIT of $2-5 billion for 2023

Jebel Ali handled 14mn TEUs in 2022, up 1.7% year-on-year; On Q42022 basis, DP World handled 19.5mn TEUs, up 2.4%

First sailing eastbound from north India is due to depart Nhava Sheva on February 13

“Messaging to both sets (customers & shareholders) on how they will succeed needs to be crystal clear”

The company plans to use the funds for further expansion into the Europe and US markets and in recruitment

Located in Kandla, Gujarat, the Tuna-Tekra mega-container terminal will enable the flow of India’s export-import trade.

Fifty additional airports, heliports, water aerodromes and advance landing grounds will be revived for improving regional air connectivity.

"With little sign of change ahead, this will be a challenging year for the carriers."

Greece ranks highest in tanker market with fleet value of $56bn, second most valuable LNG fleet worth $29bn

Average freight rate increased to $2,863/TEU; EBITDA up 60% at over $20bn